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Photo: Jeff Pachoud/AFP/Getty Images

France's most senior Roman Catholic cleric, Cardinal Philippe Barbarin, said he would resign his post Thursday after he was convicted and sentenced for his role in a sexual abuse cover-up, per AFP.

Details: A court in Lyon, where he is archbishop, found him guilty of not reporting allegations that Boy Scouts were sexually abused by a priest in his diocese in the 1980s and early 1990s, Euronews reports. It gave him a six-month suspended sentence. Barbarin had pleaded not guilty to the charges and his lawyers said he would appeal the verdict. His sentence comes less than two weeks after a court in Melbourne, Australia, announced Vatican treasurer George Pell had been found guilty of child sex offenses.

Go deeper

Dion Rabouin, author of Markets
26 mins ago - Economy & Business

Clash of the central bankers

Photo Illustration: Eniola Odetunde/Axios. Photos: Bloomberg, Samuel Corum (Stringer)/Getty Images

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

Biden expresses support for Amazon workers' union vote in Alabama

Photo: Joe Raedle/Getty Images

President Biden expressed support for a union vote by Amazon warehouse workers in Alabama in a two-minute video posted on Twitter Sunday, though he did not name the tech giant specifically.

Why it matters: A vote by workers at the Bessemer, Ala., warehouse to join the Retail, Wholesale and Department Store Union would make the facility the first Amazon warehouse to unionize in the U.S., per NPR. The election will run through March 29.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Miami mayor: Bitcoin's appeal is that governments can't manipulate it

Miami Mayor Francis Suarez is pushing to make bitcoin a part of his city's economic future, and in an interview with "Axios on HBO," he pushed back against the economic orthodoxy of people like Treasury Secretary Janet Yellen who say it's a bad idea.

Why it matters: Miami's inclusion of bitcoin as a way to pay city employees or as part of the city's emergency cash holdings, as Suarez has proposed, would add legitimacy to the cryptocurrency and further entrench it in the U.S. economic system.

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